Why a strong dollar threatens a fragile stock market, but is a boon to the Fed

Microsoft Corp. isn’t the only US company pointing to the dollar’s surge as a potential problem. A strong dollar has been a hot topic this week since the software giant MSFT and Salesforce Inc. CRM pointed to challenges the currency is causing for earnings. It’s been flagged in other industries too, including by Pfizer Inc., … Read more

These Market Indexers’ Stocks Have Been Hit Hard. This One Looks Better in the Short Term.

text size MSCI CEO Henry Fernandez Mohammed Almuaalemi/Bloomberg The end of cheap money has caught up with the market’s scorekeepers: S&P Global and MSCI . Their shares are down more than 28% this year, trailing far behind the S&P500 index. Both run indexes and sell reams of data and analytics services. And both are highly … Read more

These Market Indexers’ Stocks Have Been Hit Hard. This One Looks Better in the Short Term.

Text size MSCI CEO Henry Fernandez Mohammed Almuaalemi/Bloomberg The end of cheap money has caught up with the market’s scorekeepers: S&P Global and MSCI . Their shares are down more than 28% this year, trailing far behind the S&P500 index. Both run indexes and sell reams of data and analytics services. And both are highly … Read more

Companies that exited Russia after its invasion of Ukraine are being rewarded with outsize stock-market returns — and those that stayed are not

The almost 1,000 companies that have opted to pull out of Russia following its unprovoked invasion of Ukraine are not just benefiting from a reputational boost. They are also being rewarded by financial markets, while those who remain behind are being punished. “We find that equity markets are actually rewarding companies for leaving Russia while … Read more

Airbnb to Transfer China Home Listings to Rivals as Part of Market Exit

By Anniek Bao Airbnb Inc. will offer to move its existing Chinese homeowners and rental listings to rivals, including Meituan and a unit of Alibaba Group Holding Ltd., as it winds down its domestic operations in China. The home-rental giant said in a statement Friday that homeowners on its Chinese platform can apply to list … Read more

Starbucks, eBay, and 29 Other Stocks for a Bear-Market Rally

Text size Starbucks stock has gained 9% from its lowest close of the year in early May. Spencer Platt/Getty Images The stock market’s recent bounce could be good news for Starbucks , eBay , and other companies with the largest profit swings—if the rally continues. Tea S&P500 has gained just over 8% from its intraday … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

GameStop Earnings Miss Forecasts. Stock Market Doesn’t Know What to Make of It.

Text size GameStop stock could see renewed interest after the company reports earnings. Justin Sullivan/Getty Images GameStop reported a wider-than-expected net loss for the first quarter and once again declined to provide an outlook. Its stock has fallen, gained and settled in close to unchanged in after-hours changing. The videogame retailer reported an adjusted net … Read more

The man who seized one of Argentina’s ships now warns there will be a wave of emerging-market defaults

He’s now expecting a debt epidemic. “We are on the brink of an epidemic of emerging market defaults, the scale and scope of which will rival the debt crisis of the 1980s,” he wrote in an op-ed in the Financial Times. “Rate increases by Western central banks, fallout from the COVID pandemic, surging food and … Read more

Stock Market Today: Dow Drops, Oil Prices Rise, Alibaba Jumps

Text size Wall Street returns from the Memorial Day holiday. Angela Weiss/AFP via Getty Images Stocks were falling on Tuesday, as oil prices gained after Europe placed more restrictions on Russian oil. Dow Jones Industrial Average futures have retreated 218 points, or 0.7%, while S&P500 futures have declined 0.7%. Nasdaq Composite futures were down 0.4%. … Read more